Venezuelan oil monopoly in joint ventures with Chevron and China Petroleum

Saturday, May 18th 2013 - 06:53 UTC

Full article 7 comments

PDVSA, Venezuela’s government oil and gas giant will allow joint ventures with China National Petroleum Corp. and Chevron Corp. to manage 6 billion dollars in loans designed to revert oil output declines, said a PDVSA official. Read full article

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ChrisR
I suppose the old fart in charge of the disaster that is PDVSA is a former mate of Dead Man Now Really Dead Chavez himself.

This company is really fcuked on so many fronts and at all levels it is no surprise they cannot even pump the stuff.

Shades of YPF but on a grander scale.

Chubby would be so proud.
May 18th, 2013 - 06:40 pm - Link - Report abuse 0
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Captain Poppy
How does a business, an oil business no less with crude selling 90 to 110 a barrel, a country with some of the largest reserves in the world, get itself in a position of needing money and taking on debt?

Come on trolls..........please spin this one for us.....it's been quiet all week and we need some entertainment.

Maybe they plan to import toilet paper?
May 18th, 2013 - 07:14 pm - Link - Report abuse 0
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Math
“Maybe they plan to import toilet paper?”
They actually do. 50 million rolls of toilet paper.
May 19th, 2013 - 02:27 am - Link - Report abuse 0
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Captain Poppy
I guess that's a resource too complicated to produce in Venezuela. 50 million/ 52 weeks=961,538 rolls a week for a population of 28.5 million. Even if you consider 5 to a household per roll per week still comes to 5.7 million households with only 961,538 rolls. .....seems 1 in 6 households can wipe and the other 5 are shit out of luck.
May 19th, 2013 - 04:24 am - Link - Report abuse 0
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Anglotino
Venezuela is selling the farm to China.
May 19th, 2013 - 07:33 am - Link - Report abuse 0
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Troy Tempest
Story on Yahoo News UK, homepage - Maduro says the shortage of toilet paper has been caused by enemies of Venezuela to 'de-stabilise the government'
LOL!!!

Gawsh, can't handle their own shit!!!

Too funny!
May 19th, 2013 - 10:57 pm - Link - Report abuse 0
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Captain Poppy
I guess that saves on the CIA expenditures by organizing a toilet paper shortage rather than organizing a coupe'. Seems the CIA really changed their ways under Obama.
May 23rd, 2013 - 07:17 pm - Link - Report abuse 0
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